Business
Completion of Suwalki Plaza
Completion of Suwalki Plaza.
About this update from Plaza Centers N.v.
[{"type":"text","content":"\n RNS Number : 6290M Plaza Centers N.V. 27 May 2010 \n \n\n27 May 2010 \n \nPLAZA CENTERS COMPLETES ITS 30th SHOPPING CENTRE IN CEE, SUWALKI PLAZA IN POLAND \n \nPlaza Centers N.V. (\"Plaza\" or the \"Company\"), a leading emerging markets property developer, announces that it has completed and opened to the public Suwałki Plaza in Poland, its thirtieth shopping centre in Central and Eastern Europe (\"CEE\") and its ninth in Poland.\n \nSuwalki Plaza is located in Suwalki's city centre, in the north-east of Poland. It comprises 20,000 sqm of Gross Lettable Area (\"GLA\") spread over three floors with approximately 450 parking spaces. Suwalki Plaza is the first western style shopping centre in Poland's entire north-east region, with a catchment area of 200,000 inhabitants. The centre was circa 80% let on opening and it includes a three screen cinema, Fantasy Park bowling and entertainment centre and a delicatessen. There are over 65 shops in the centre with international fashion brands such as H&M, KappAhl, Empik, New Yorker, Deichmann and Douglas.\n \nThe completion of Suwalki Plaza follows the opening of Zgorzelec Plaza in Poland in March 2010. Zgorzelec is located in south-western Poland close to the German border and is well located with a catchment area of 190,000 inhabitants. The shopping centre comprises 13,000 sqm of GLA with approximately 300 parking spaces. Zgorzelec Plaza is the first shopping centre in the region to combine shopping with entertainment elements, as well as introducing a number of international tenants to the local market for the first time. Among the tenants are retailers such as H&M, KappAhl, Empik, Rossmann, Orsay, Camaieu, Stokrotka and Douglas. \n \nSuwalki is the thirtieth shopping centre opened by Plaza in CEE. Plaza has been active in real estate development in emerging markets for over fourteen years, initially developing shopping and entertainment centre projects in Hungary and subsequently expanding into Poland, the Czech Republic, Romania, Latvia, Greece, Serbia and Bulgaria. It was the first Company to develop western-style shopping and entertainment centres in Hungary and has pioneered this concept throughout the CEE, building a strong track record of successfully developing, letting, selling and managing shopping and entertainment centres....